Allah The Most Gracious and Most Merciful DLALA BROKERAGE AND INVESTMENT HOLDING COMPANY Q.S.C CONDENSED CONSOLIDATED FINANCIAL INFORMATION

Transcription

1 Allah The Most Gracious and Most Merciful DLALA BROKERAGE AND INVESTMENT HOLDING COMPANY Q.S.C CONDENSED CONSOLIDATED FINANCIAL INFORMATION AS AT AND FOR THE THREE MONTH PERIOD ENDED 31 MARCH 2011

2 Dlala Brokerage and Investment Holding Company Q.S.C As at and for the three months period ended 31 March 2011 CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION CONTENTS Page Condensed consolidated statement of financial position 3 Condensed consolidated statement of income 4 Condensed consolidated statement of comprehensive income 5 Condensed consolidated statement of changes in equity 6

3 Consolidated statement of financial position As at 31 March 2011 In Qatari Riyals March 2011 Note (Not Reviewed) 31 December 2010 (Audited) ASSETS Current assets Cash and bank balances 240, ,668 Bank balances customer funds 378, ,436 Due from customers 163,661 53,426 Due from Qatar Exchange 24, ,371 Other assets 6,239 3,157 Total current assets 813, ,058 Noncurrent assets Availableforsale investments 20,806 33,654 Property and equipment 57,723 59,270 Total noncurrent assets 78,529 92,924 Total assets 891, ,982 LIABILITIES AND EQUITY Current Liabilities Due to customers 611, ,177 Other liabilities 34,751 35,680 Total current liabilities 646, ,857 Noncurrent liabilities Provision for employees end of service benefits 1,511 1,434 Total noncurrent liabilities 1,511 1,434 Total liabilities 648, ,291 EQUITY Share capital 200, ,000 Legal reserve 10,713 10,713 Fair value reserve 3,520 7,477 Retained earnings 12, Proposed Dividend 17,000 17,000 Total equity attributable to equity holders of the Group 243, ,647 Noncontrolling interest Total equity 243, ,691 Total liabilities and equity 891, ,982 The consolidated financial statements were approved by the Board of Directors and signed on its behalf by the following on 03 April Chairman H.E Turki Mohammed Al Khater. CEO Waleed Jassim AlMossallam 3

4 Condensed consolidated statement of income For the three month period ended 31 March 2011 In Qatari Riyals 000 For the three month period ended 31 March 2011 (Not Reviewed) For the three month period ended 31 March 2010 (Not Reviewed) Brokerage and commission income 29,912 18,638 Brokerage and commission expense (15,241) (7,469) Brokerage and commission income, net 14,671 11,169 Finance income 1,212 2,721 Net investment income 7,889 1,341 Other Income Total revenue 24,212 15,315 General and administrative expenses (4,730) (4,677) Staff costs (5,958) (4,355) Impairment of availableforsale investments Provision for Legal Cases (1,400) Finance costs Total expenses (12,088) (9,032) Net profit for the period 12,124 6,283 Attributable to Owners of the company 12,122 6,281 Noncontrolling interest 2 2 Total 12,124 6,283 Earnings Per Share

5 Condensed consolidated statement of comprehensive income For the three month period ended 31 March 2011 In Qatari Riyals 000 For the three For the three month period month period ended 31 ended 31 March March (Not Reviewed) (Not Reviewed) Profit for the period 12,124 6,283 Other comprehensive income Net change in fair value of availableforsale investments (3,957) 1,804 Total comprehensive income for the period 8,167 8,087 Attributable to Owners of the company 8,166 8,085 Noncontrolling interest 1 2 Total comprehensive income for the period 8,167 8,087 5

6 Condensed consolidated statement of changes in equity For the three month period ended 31 March 2011 In Qatari Riyals 000 Share Capital Legal reserve Fair value reserve Proposed Dividend Retained earnings/(l oss) Total equity attributable to owners of the company Noncontrollin g interest Total equity Balance at 1January 2010 Total comprehensive income for the period Profit Other comprehensive income 200,000 9, , , ,224 6,283 6, ,283 Net change in fair value of availableforsale investments 1,804 1,804 1,804 Total comprehensive income for the period 200,000 9,398 2,624 Dividend paid Balance at 31 March 2010 Balance at 1January 2011 Total comprehensive income for the period Profit Other comprehensive income 200,000 9,398 2,624 12, , ,312 12, , , ,000 10,713 7,477 17, , ,691 12,122 12, ,124 Net change in fair value of availableforsale investments (3,957) (3,957) (3,957) Total comprehensive income for the period 3,520 12, , ,858 Dividend paid Balance at 31 March ,000 10,713 3,520 17,000 12, , ,858 6

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